Tuesday 3-13-12 Recap

Today was an all around great day for the markets, so naturally, I find myself worried. $PCLN moved up a little in light volume. $BEAV shot up 2.22% in 28% faster volume than normal. I’m sitting on right around 15% gains on both positions.

I noticed today that $BEAV has fallen to a 94 Composite Rating and it’s Industry Group rank has fallen past 100. It occured to me that if I was sitting in cash I would not buy this stock based on these numbers. I’m not sure if that means I should sell because of this weakness or sit tight because the price and volume action seems to be positive. The best move would probably be to take profits on half the position, but since I’m trading such a small account, the transaction fees make that impossible.

I am planning to hold to my plan of watching for the 4 sell rules, but I also wanted to document that there are reasons for concern here. I read somewhere a few weeks ago that the worst feeling in this business is taking the first 10% of a 100% gain. I certainly don’t want to do that, but I am continually amazed at how strong the urge is to take my profits even though I knew I would have these feelings.